Understanding Your Health Coverage Tax Forms Every tax season, millions of taxpayers receive at least one of the Affordable Care Act health insurance forms in the mail. But which one applies to you depends entirely… What are the Differences Between Form 1095-A, 1095-B, and 1095-C?
Yes, the ACA’s individual mandate penalty is still in effect, and will continue to be in effect in 2018. If you’re uninsured in 2018 and not eligible for an exemption, you’ll owe a penalty when… 2018 is the Final year for the Insurance Coverage Penalty
The IRS uses LTR 12C (see upper right corner of your letter) to request Form 8962, Premium Tax Credit. It’s required when someone on your tax return had health insurance through Healthcare.gov (or a state… How many have received an IRS letter 12C about a missing Form 8962 on their tax return?
What You Must Know About Health Coverage Requirements For several years, many taxpayers feared the so-called “Obamacare penalty,” formally known as the Shared Responsibility Payment under the Affordable Care Act (ACA). The penalty applied to… Avoiding the ‘Obamacare penalty’